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20

Morneau, Poloz Lead Talks on Housing Amid Rate-Hike ‘Concerns’

By Tony Seruga

Impact of higher rates on consumer debt worries policy makers
Canadian finance ministers also discuss Home Capital’s woes

Housing was top of mind when Bank of Canada Governor Stephen Poloz spoke with the nation’s finance ministers this week, amid signals interest rates could rise and add pressure to household budgets.

Federal Finance Minister Bill Morneau hosted provincial counterparts for closed-door meetings Monday in Ottawa, hearing from Poloz and Senior Deputy Governor Carolyn Wilkins. Topics included housing and marijuana taxation, with ministers saying afterward the central bankers outlined the broad risks of an elevated housing market…

Morneau, Poloz Lead Talks on Housing Amid Rate-Hike ‘Concerns’

Categories : Real Estate

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